Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

Siân Jones: Bitlicense and the Regulatory Straitjacket

Listen Later

In this episode, we revisited the perennial topic of digital currency regulation with Siân Jones, our regulatory correspondent and founder of the regulation-focused virtual currency consultancy COINSULT. With the final version of the BitLicense, what may turn out to be the most influential document for digital currency regulation, is now out. Besides diving into many different aspects of the onerous BitLicense, we talked about California’s coming rules, how Bitcoin startups will be affected and the implications of Ripple’s fine.

NOTE: Since the episode was recorded the advocate general at the EU Court of Justice recommended that Bitcoin be exempt from VAT.

Topics covered in this episode:

  • A brief primer on BitLicense and the process by which it emerged
  • What the key aspects of BitLicense are and how they changed through the revisions
  • Why BitLicense will stifle innovation by dramatically increasing the cost and bureaucratic burden of running a digital currency startups
  • How different companies are responding to the rules
  • Why California’s virtual currency draft bill got a lot of things right
  • What Ripple got fined for and why FinCEN could go after most cryptocurrency startups for the same reasons
  • The status of the European Court of Justice case on VAT

    • Episode links:

    • NY BitLicense rules and regulations
    • California's virtual currency draft bill
    • FinCEN fines Ripple Labs Inc.
    • What Ripple's FinCEN fine means for the digital currency industry
    • Canada Senate digital currency report
    • ECJ official proposes Bitcoin VAT exemption
    • Siân's company COINSULT

      • This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/088

      ...more
      View all episodesView all episodes
      Download on the App Store
      Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed TechnologiesBy Epicenter Media Ltd.
      • 4.7
      • 4.7
      • 4.7
      • 4.7
      • 4.7

      4.7

      186 ratings

      More shows like Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

      View all
      The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network by The Investor's Podcast Network

      The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

      3,347 Listeners

      Macro Voices by Hedge Fund Manager Erik Townsend

      Macro Voices

      3,072 Listeners

      The a16z Show by Andreessen Horowitz

      The a16z Show

      1,105 Listeners

      Unchained by Laura Shin

      Unchained

      1,203 Listeners

      Hidden Forces by Demetri Kofinas

      Hidden Forces

      1,448 Listeners

      Real Vision: Finance & Investing by Real Vision Podcast Network

      Real Vision: Finance & Investing

      905 Listeners

      CRYPTO 101 by Bryce Paul & Brendan Viehman

      CRYPTO 101

      36 Listeners

      The Breakdown by Blockworks

      The Breakdown

      738 Listeners

      The Pomp Podcast by Anthony Pompliano

      The Pomp Podcast

      1,833 Listeners

      Thinking Crypto News & Interviews by Tony Edward

      Thinking Crypto News & Interviews

      249 Listeners

      Bankless by Bankless

      Bankless

      1,046 Listeners

      The Wolf Of All Streets by Scott Melker

      The Wolf Of All Streets

      242 Listeners

      Coin Stories with Natalie Brunell by Natalie Brunell

      Coin Stories with Natalie Brunell

      446 Listeners

      Raoul Pal: The Journey Man by Real Vision Podcast Network

      Raoul Pal: The Journey Man

      127 Listeners

      Forward Guidance by Blockworks

      Forward Guidance

      273 Listeners